News Item: ni0100-13

July 14, 2013

Gary Gensler, Chairman

By Courtney McBride

When Gensler was nominated in 2009 to chair the CFTC, he faced criticism over his past support for deregulating derivatives, but he has largely assuaged the concerns that led senators to delay his confirmation. In an interview, Gensler referred often to the commission’s role in creating “commonsense rules of the road” for the financial markets, insisting that transparency benefits the markets as a whole. While Wall Street has resisted some of the commission’s efforts, Gensler notes that the majority of its rules have been bipartisan, with two-thirds of them being adopted unanimously.